U.S. mortgage rates up slightly following Fed meeting

CHICAGO (CBS.MW) -- U.S. mortgage rates moved up only slightly this week, but were expected to show a jump soon in the wake of the Federal Reserve's decision to leave interest rates unchanged. Freddie Mac said that the national average on a 30-year, fixed-rate mortgage was 5.68 percent in the week ending Thursday, up from 5.64 percent a week earlier. The 15-year mortgage, a popular refinancing choice, edged higher to 4.97 percent from 4.95 percent, while one-year, Treasury-indexed, adjustable-rate loans inched up to 3.59 percent from 3.56 percent. Freddie Mac
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chief economist Frank Nothaft said rates were already heading higher as bond markets dissected the Fed statement this week and that next week's survey should reflect that fact.

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